Quote:
Originally Posted by murdoc9
maybe, but I'd have to imagine that if I were going to be plunking down a deposit for a $500k condo, I'd be paying attention to the activity level, even if I weren't a development nerd.
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Well, they'd sure inquire into some details like its general status, but changes are they still won't go into thorough investigations and would be more likely to buy into developer smooth talk if it generally looks legit. I can so hear a standard conversation:
Investor calling inot the sales office: Hi, I'm looking to buy a condo in your building but I've read reports that the project is temporarily suspended, though I recall seeing the actual building under construction. Could you please elaborate on the situation?
Sales rep: There is no need to worry, sir. The management is simply working out some minor specifics concerning financing. However, it is not a major delay, just some technicalities that may set the project back by a few weeks at most, and both parties remain fully committed to bringing this top-tier development to Chicago luxury condominium market.